A2 Milk is awaiting approval to ship products to the US amid its infant formula crisis.
The milk and infant formula maker is grappling with the effects of COVID-19 and China’s shrinking birth rate but shares have jumped on a brightening outlook.
A2 Milk chairman David Hearn is asking shareholders to have faith in the ASX-listed company as it looks to target the Chinese market in different ways.
A2 Milk says it will double down on its China aspirations despite major uncertainties about the region. The company also released an underwhelming trading update,helping to send shares sharply lower.
Struggling dairy business A2 Milk has ruled out backing away from its increasingly volatile Chinese market despite investor uncertainty.
Struggling milk and infant formula seller A2 Milk has ruled out cutting its exposure to the Chinese market despite growing political tensions.
A war of words has broken out between a2 Milk and its former chief executive Jayne Hrdlicka over the now Virgin CEO’s stint at the infant formula maker.
Virgin Australia boss Jayne Hrdlicka has spoken publicly about her controversial departure from The a2 Milk Company for the first time,saying the $6 billion baby formula exporter did not handle her exit well.
A2 Milk’s new boss is in for a challenge as one analyst questioned whether the milk and infant formula company had its ‘best days behind it’ after it booked a ‘disappointing’ first-half result.
Infant formula and milk seller A2 Milk has made a Christmas Eve acquisition of New Zealand dairy company Mataura to strengthen its relationships with Chinese business partners.
The dairy company will look to boost its direct sales into China despite simmering trade tensions after forecasting a near half-a-billion dollar hit to revenue.